Herc Rentals Leases 30,892 Sq. Ft. in Fairfield

| April 18, 2024 | 0 Comments

Heavy equipment rental company Herc Rentals Inc. has signed a lease with Alterra Property Group for 30,892 sq. ft. of space at 1200 Chesapeake Ave. in Fairfield in South Baltimore. Herc, which expects to occupy the 8.19-acre site by the end of year, is based in Florida and has more than 400 branches in the United States and Canada.

Situated less than two miles from the Fairfield Marine Terminal, the property features an L-shaped industrial building equipped with 15 – 18 ft. ceilings, 21 drive-in doors with drive-thru capacity, and a fenced, paved, and lit parking lot that encircles the structures. The two buildings are separately configured to support predominantly warehouse and service functions with small sections suitable for office/administrative and related uses. The site is less than two miles from I-895.

Herc services the aerospace, automotive, entertainment, food and beverage, healthcare, remediation, and manufacturing industries with an assortment of compaction and paving, earthmoving, light construction, material handling, and power generation equipment, in addition to trucks and trailers. The group has more than 60 years of experience and employees more than 7,400 workers.

Andrew Meeder, SIOR and Dan Hudak, SIOR, both senior vice presidents and principals for MacKenzie Commercial Real Estate Services, LLC represented the landlord. The tenant was self-represented.

“The immediate and long-term availability of Industrial Outdoor Storage space was the driving factor behind this real estate decision,” said Meeder in a press release. “Herc Rentals depends on these spaces to store large pieces of equipment, and the demand for this relatively-new asset class remains exceedingly high. The company intends to also use the interior of the buildings for storage, as well as to perform repair and maintenance services. A small amount of space will also be used for sales and administrative functions.”

Photo courtesy of MacKenzie Commercial Real Estate Services

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